Hello traders,
Gold price did some deep retracement after touching $2009 and it looks like the correction move has ended. We can take a long position and ride it until wave 5 of 3 as long as price do not fall below $1934.
Gold price did some deep retracement after touching $2009 and it looks like the correction move has ended. We can take a long position and ride it until wave 5 of 3 as long as price do not fall below $1934.
1. Take all the profit, that will be around 250 pips
2. Put SL on 1960 so it will be around 100 pips locked in profit
3. Put SL on entry point and ride it all the way up with zero risk